Warner Music's Q2 Revenue Surges On Ed Sheeran, Jack Harlow, Green Day Hits, Yet Shares Fall
Warner Music's Q2 Revenue Surges On Ed Sheeran, Jack Harlow, Green Day Hits, Yet Shares Fall
Warner Music Group Corp (NASDAQ:WMG) shares were trading lower on Thursday after the company reported fiscal second-quarter 2024 results.
华纳音乐集团公司（纳斯达克股票代码：WMG）周四股价走低，此前该公司公布了2024财年第二季度业绩。
GAAP EPS of $0.18 beat the analyst consensus estimate of $0.16.
GAAP每股收益为0.18美元，超过了分析师共识估计的0.16美元。
Revenue grew 7% year-on-year (Y/Y) to $1.49 billion, beating the analyst consensus estimate of $1.48 billion.
收入同比增长7％，达到14.9亿美元，超过了分析师普遍预期的14.8亿美元。
Recorded Music revenue grew by 4% Y/Y at $1.19 billion in the quarter. The major sellers included Zach Bryan, Ed Sheeran, Jack Harlow, and Green Day, the Hollywood Reporter reports.
本季度唱片音乐收入同比增长4％，达到11.9亿美元。据《好莱坞记者》报道，主要卖家包括扎克·布莱恩、埃德·希兰、杰克·哈洛和格林迪。
Music Publishing revenue increased by 19% Y/Y to $306 million, and Digital increased by 10% Y/Y to $1.04 billion.
音乐出版收入同比增长19％，达到3.06亿美元，数字出版收入同比增长10％，达到10.4亿美元。
Adjusted OIBDA increased by 9% compared to the previous year, reaching $312 million, and the margin improved by 50 basis points to 20.9%
调整后的OIBDA与去年同期相比增长了9％，达到3.12亿美元，利润率提高了50个基点至20.9％
Warner Music held $587 million in cash and equivalents as of March 31. Operating cash flow used was $(31) million versus $(6) million in the prior-year quarter.
截至3月31日，华纳音乐持有5.87亿美元的现金及等价物。使用的运营现金流为3100万美元，而去年同期为600万美元。
"Our performance in the quarter was driven by an acceleration in Recorded Music subscription streaming growth and continued momentum in Music Publishing," said Bryan Castellani, CFO, Warner Music Group.
华纳音乐集团首席财务官布莱恩·卡斯特拉尼表示：“我们在本季度的表现是由唱片音乐订阅流媒体增长的加速以及音乐出版社的持续势头推动的。”
During the fiscal first-quarter print, the company had shared plans to dispose of certain non-core owned and operated media properties, including the in-house ad sales function (the "O&O Media Properties"), and slash headcount by 600 to unlock shareholder value.
在第一财季公布期间，该公司曾分享计划出售某些非核心自有和运营的媒体资产，包括内部广告销售部门（“O&O Media Properties”），并裁减600名员工以释放股东价值。
The company sold Uproxx, HipHopDX, and Dime Magazine to Jarret Myer, Rich Antoniello and will.i.am.
该公司将 Uproxx、HiphopDX 和 Dime Magazine 出售给了 Jarret Myer、Rich Antoniello 和 will.i.am。
Price Action: WMG shares were down 6.1% to $33.46 at last check Thursday.
价格走势：周四最后一次检查时，WMG股价下跌6.1％，至33.46美元。
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照片：Shutterstock